Nepal Investment Bank to distribute 33% bonus share & 1.74% cash dividend

Nepal Investment Bank limited (NIB) has decided to distribute 33 percent bonus share and 1.74 percent cash dividend for tax purpose to its shareholders.

The 440^th BOD meeting held on Ashwin 11, 2072 has proposed 33 percent bonus share and 1.74 percent cash dividend (tax purpose) to its shareholders from the net profit it earned in the last fiscal year 2071/72.

The decision is subjected to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM).

Last year, NIB had distributed 15 percent bonus share and 25 percent cash dividend to their shareholders.

Nepal Investment Bank has earned net profit of Rs 1.97 arba in the fourth quarter of last fiscal year 2071/72 as per unaudited report. It’s paid up capital remains at Rs 4.77arba and after issuance of bonus share its paid up capital will stand at 6.34 arba .-SSN

Nepse index surges past previous high to 1,088.42 points

The bull run witnessed in the country’s only secondary market since the past two months continued in the trading week of August 9 to 14, driving up the Nepal Stock Exchange (Nepse) index to close at nearly a seven-year high of 1,088.42 points. The benchmark index soared by 48.06 points or 4.62 per cent week-on-week to breach the previous high of 1,083.55 points that was recorded on July 21, last year.

Investor optimism following the central bank’s latest monetary policy requiring financial institutions to increase their paid-up capital has been further boosted by the positive development at the political front.

Consequently, starting the week at the previous week’s close of 1,040.36 points, the benchmark index surged by 23.05 points by the day’s closing on Sunday. The Nepse index ascended by another 17.95 points on Monday, but shed 3.58 points and 0.59 points on Tuesday and Wednesday, respectively, due to profit-booking. However, the local bourse more than regained all the loss on Thursday by climbing 11.23 points. The last time Nepse had closed at the current level was on August 26, 2008, when it had rested at 1,087.80 points.

All in all, 5.56 million units of shares of 168 companies worth Rs 3.18 billion were traded at Nepse during the trading week through 21,487 transactions. The traded amount was 28.55 per cent higher than the preceding week when 17,482 transactions of 4.84 million scrips of 172 firms worth Rs 2.48 billion had been undertaken.
The sensitive index, which gauges the performance of class ‘A’ stocks, rose by 12.03 points to 234.81 points. Similarly, the float index that measures the performance of shares actually traded also added 2.96 points to land at 77.46 points during the review period.
While trading remained constant at 212.92 points, hydropower and finance were the only two subgroups to record losses.

The bull run in the stock market can be attributed to the massive demand for stocks of commercial banks as the banking subgroup has the highest stake in Nepse’s market capitalisation. The banking sub-index increased by 72.43 points to 1,021.34 points. Nabil Bank’s stocks closed at Rs 2,500 (up Rs 200), Standard Chartered’s at Rs 2,730 (up Rs 402), and Nepal Investment Bank’s at Rs 1,000 (up Rs 199), among others.

Meanwhile, similar to the previous week, insurance was the top gainer in the week, surging by 130.46 points to 4,609.67 points. Share value of National Life Insurance soared by Rs 115 to Rs 2,130 and that of Life Insurance Co Nepal by Rs 162 to Rs 3,352, among others.
Unilever’s scrips gaining a hefty Rs 2,300 to close at Rs 23,700 helped the manufacturing subgroup to more than recover the loss of the previous week and ascend by an impressive 125.29 points to rest at 1,802.76 points.

Hotels went up by 11.59 points to 1,875.79 points. Even as Oriental’s scrips dropped by Rs 28 to Rs 585 and Taragaon’s dipped by four rupees to land at Rs 241, the loss was offset by Soaltee’s shares edging up by eight rupees to Rs 438.

Nepal Telecom’s share value went up by six rupees to close at Rs 621, which in turn pulled up the others subgroup by 7.04 points to 729.57 points.

Development banks inched up by 2.85 points to 856.83 points. On the other hand, hydropower slumped by 40.38 points to 2,101.55, as Chilime’s shares lost Rs 61 to land at Rs 1,520 and Ridi Hydropower’s was down Rs 12 to Rs 395.
Likewise, finance dipped by 4.2 points to 539.28 points.NIC Asia Bank topped the chart in terms of number of shares traded and turnover, with 342,000 of its scrips worth Rs 281.57 million changing hands. Everest Bank with
Rs 206.32 million, Nepal Investment Bank with Rs 171.75 million, Nepal SBI Bank with Rs 141.76 million and Nepal Bangladesh Bank with Rs 138.63 million were the other firms to record high turnover during the review period.
Meanwhile, Century Commercial Bank was the forerunner with regards to number of transactions, clocking a total of 1,334 deals. - HNS

Nepal Investment Bank proposed 25% cash & 15% bonus share for FY 2070/71

Nepal Investment Bank Ltd has proposed 40 percent dividend--25 percent cash and 15 percent bonus share--to its shareholders from the net profit it earned in the last fiscal year 2070/71.

Nepal Investment Bank Ltd (NIBL) - Fundamental Analysis of FY 2070/71

नेपाल इन्भेस्टमेन्ट बैंकको संक्षिप्त विश्लेषण
पूँजी, जगेडा, निक्षेप तथा लगानी
चुक्ता पूँजी रु. ४ अरब १४ करोड ६७ लाख ८ हजार, जगेडामा रु. ४ अरब ८२ करोड ६६ लाख ३६ हजार, डिबेन्चर रु. १ अरब ५ करोड, अन्तर बैंक सापटी रु. ४२ करोड ४३ लाख २४ हजार, निक्षेप रु. ७३ अरब ८३ करोड १३ लाख ७६ हजार, कर्जा लगानी रु. ५३ अरब ४५ करोड ८४ लाख ७० हजार र अन्य लगानी १५ अरब ३८ करोड ३५ लाख २९ हजार रहेको छ |

Profitability of commercial banks down to 19.23pc on FY 2070/71

Profitability of commercial banks took a beating last fiscal year, as capital fund bulged, while earnings grew moderately.

Average return on equity (RoE) — a measure to gauge profitability — of 30 commercial banks stood at 19.23 per cent in mid-July, as against 22.19 per cent in the same period the previous fiscal. (The RoE was calculated by comparing capital fund of mid-July, 2013 with net profit of fiscal 2013-14 that ended in mid-July, 2014.)

Nepal Investment Bank approved 10% stock dividend & 25% cash, increases its capital base to Rs 4.14 billion

Nepal Investment Bank Limited (NIBL) is increasing its capital base to Rs 4.14 billion, which it says will be the highest among private banks.

An NIBL Annual General Meeting (AGM) on Thursday approved 10 percent stock dividend worth Rs 376.8 million. The bank also approved 25 percent cash dividend worth Rs 942 million to its shareholders from the net profit of fiscal year 2012-13, the bank said in a statement.

Nepal Investment Bank NIBL guarantee 25% cash dividend & 10% bonus shares

Nepal Investment Bank Limited, the commercial bank with the largest client base, is holding its Annual General Meeting today.

The 27th AGM of Nepal Investment Bank being held at Nepal Academy Hall, Kamaladi in Kathmandu is due to formally endorse 35 percent dividend – 25 percent cash and 10 percent bonus shares—to the shareholders from the net profit the bank posted in the last fiscal year 2069/70.

NEPSE Index up despite profit booking by investors

The stock index rose despite the heavy profit booking by investors on increased share prices this week — December 8 to 12.

The index gained 6.5 points — one per cent — on the week’s trading, following last week’s never-seen-before jump.

NEPSE declines 4.32 points to 699.84

The market today witnessed 4.32 point decline in its level as more investors opted to capitalize their profit observed from the prior week’s hefty rally. Following the drop, the market came to settle below the 700 mark, at 699.84 levels.

Seeing the market movement of prior week, most investors had expected of the bull rally in this week also but looking into the past two day’s trades, the market observed more of the steady movement. So, the investors today took precaution to book their profit before witnessing a heavy correction in the market.

Nepal Investment Bank proposes 10% bonus share & 25% cash dividend

Nepal Investment Bank Limited has proposed 35 percent dividend – 10 percent bonus share and 25 percent cash—to its shareholders from the net profit it registered in the last fiscal year 2069/70.

The commercial bank with the largest number of account holders had earned a net profit of Rs 1.99 arba in the last fiscal year.

NEPSE incline by 0.73 to 579.41; hefty transaction of NCC Bank

Making a see-saw movement, the market index came to avoid a loss by the end of today’s session to sustain in green. The secondary market managed to prolong its incline by a further 0.73 points, to close at 579.41 levels.

Free float index in NEPSE

Nepal Stock Exchange (Nepse) has been using float index and sensitive float index — the globally accepted best practice to make the secondary market index more realistic.
Free-float methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in index.

Net profit of commercial banks up

Commercial banks seem to have recovered from shadows of bad loans made in the past, as they registered a whopping rise in net profit last fiscal year.

The net profit of class ‘A’ financial institutions increased by 40 per cent in the last quarter of fiscal year 2012-13, according to their recently published unaudited financial reports. The 31 commercial banks have earned a net profit worth Rs 20.1 billion, which stood at Rs 14.3 billion in the corresponding period of the previous fiscal year. Only Kist Bank registered a loss.

Nepal Investment Bank net profit 1.99 arba; Nepal SBI Bank 77.59 cr & Everest Bank 1.47 arba

Nepal Investment Bank has reported 91.73% rise in net profit. The bank earned Rs 1.99 arba in FY 2069/70, compared to Rs 1.03 arba posted in the last fiscal. The bank’s NPA fell 42.47% to 1.91. NPA was 3.32% in the same period last fiscal. The bank has reported only slight growth in deposits. NIB’s deposit collection reached Rs 62.42 arba, a rise of 9.50 percent over last year. Loans and advances increased 11.17% to Rs 47.70 arba. The banks EPS stands at Rs 52.88 and net worth at Rs 213.49.

Big bank aren't willing to merge: Tulasi Gautam (CEO of MBL)

He said that the first thing that parties entering merger must be clear about is the objective behind the merger. In many cases there is a lack of clarity when it comes to the objective, said Gautam.

Other issues that crop up during the merger process are electing representatives on the board of directors, selecting the executive head, fixing the share swap ratio and reorganizing the staff.

8% NIB Debenture 2077 alloted by Nepal Investment Bank & slip refund from 11 shrawan

Nepal Investment Bank Ltd has allotted "8% NIB Debenture 2077" , returning money and distributing certificate with interest rate slip from 26 July, 2013 (11 Shrawan, 2070).
 
 src nepalsharemarket

Nepse up 10.45 points; hydropower cos lead

The Nepal Stock Exchange (Nepse) recorded a double-digit gain of 10.45 points last week to close at 521.60 points on Thursday. The market had opened at 511.15 points on Sunday.
The benchmark index surged 7.18 points on the Monday—the final day of the last fiscal year, but plunged 8.97 points on the first day of 2013-14. Stockbrokers attributed the fluctuation to the beginning of the new fiscal year and the budget announcement.
The secondary market, however, adopted an upward trend on Wednesday and Thursday. On the last trading day, the market rose 9.92 points — the highest single-day gain in the last three months.
Anjan Raj Poudel, former president of Nepal Stockbrokers’ Association, said the growth was due to commercial banks’ initiation to provide margin loans. “Banks that had stopped providing margin loans by the end of last fiscal year have resumed it with the beginning of the new fiscal year,” he said. “Investors’ expectation dividend announcement also helped increase stocks’ demand.”
Of the nine trading groups, six posted gains over the week. Hydropower companies’ group was last week’s biggest gainer — up 47.84 points. Poudel said increasing attraction of institutional investors towards hydropower stocks could have helped boost the group.

Nepse posts marginal gains

The stock market showed tepid response to the announcement of full-fledged budget for fiscal year 2013/14, as the benchmark index increased my mere 10.45 points this week. Nepal Stock Exchange (Nepse) close the week´s trading at 52.16 points on Thursday.

A total of 1.26 million units of shares of 120 companies worth Rs 393.57 million changed hands through 4,225 transactions over the week. The domestic stock market had recorded total transactions worth Rs 446.66 in the previous week.

Handsome dividends likely from Nabil (60%), Investment Bank (30%) & Everest Bank (31.58%).

Shareholders and investors of Nepal’s leading commercial banks can expect handsome dividends from the earnings these banks have made in the FY 2069/70.
As per reliable sources, who spoke to ShareSansar on the condition of anonymity as they were not authorized share the details at this stage, the tentative operating profit of Everest Bank Limited (EBL) for the FY 2069/70 is estimated to reach Rs 240 crore, whereas the corresponding figures for Nabil Bank Limited (NABIL) is Rs 340 crore and Nepal Investment Bank Limited (NIBL) Rs 310 crores.

Share market zoomed past 500 points this week

A surge in Nepal Telecom’s share prices and end-of-the-year scrambling by investors brought the capital market back from its stupor as the market zoomed past 500 points this week — July 7 to 11.

The benchmark index jumped by 12.86 points as share prices increased.

The price of Nepal Telecom (NT)’s shares increased by Rs 20 per unit that propelled the benchmark index up. NT comprises almost 24 per cent of total market capitalisation of Nepal Stock Exchange (Nepse).